stuart

Americans are working hard to make ends meet! We build to ensure we get them liquidity and tools to keep them ahead. 🇺🇸💵

What Could Trigger The Next Crash? Lessons from 2008 with Wall St titan @LloydBlankfein - Fmr Chairman & CEO @GoldmanSachs So enjoyed this one. You can find it here: YT: youtu.be/9zv_YkqTC4o?si… Apple: podcasts.apple.com/gb/podcast/the… Spotify: open.spotify.com/episode/6rpqMm…

I am surprised more VCs aren't talking about this. But, if you are a NYC founder with any type of liquidity event happening soon, consider relocating NOW! CC: @ethdaly @MaxwellAbram @ChanniGreenwall @SandroChess @Bfaviero @evanbfish @jackmmcclelland jdsupra.com/legalnews/new-…

Highly reccomend you follow @WilfredFrost on your podcast rotation!

@EricRWeinstein By encouraging well respected professors to teach dead ends and kill the ones making progress?

But how do you actually make entire areas of physics go dark? I mean that doesn’t make any sense. How would you even get physicists to stop making progress?

Brooklyn is weeks away from developing a nuclear weapon

@DanielSLoeb1 @NYCMayor Legend

@NYCMayor I’m sorry for your loss.

I spent 100 hours over the past week researching, writing and editing the piece we just put out. It’s a scenario, not a prediction like most of our work. But it was rigorously constructed, dismissing it outright requires the kind of intellectual laziness that tends to get expensive. And we’ve released it for free. Hopefully you enjoy it. citriniresearch.com/p/2028gic

BREAKING: President Trump directs the Secretary of War and other governmental agencies to release government files related to “alien and extraterrestrial life.”

Didnt take long eh

Most likely outcome with a socialist mayor in NYC. Min wage and policing will be the things he can actually get through at least until the gov race in 2026. What does that mean for NYC, given we have SF and LA analogies. More shoplifting, more violent crime on the MTA and more job loss and business closures, and less affordable housing stock, effecting the very people who BK crowd think they’re saving. Grok; “By 2030, Mamdani's $30 minimum wage could lead to significant business closures (1,000-2,000 small businesses, 100-150 chain stores) and job losses (80,000-150,000), particularly in retail and hospitality, mirroring but exceeding LA's 10% closure rate due to NYC'S higher costs and wage target. His public safety reforms, while less radical than SF's, risk a 20-30% shoplifting increase and 15-25% subway crime rise, with 3,400-5,100 NYPD resignations, aligning with LA's trends but avoiding SF's extreme disorder. These negatives could dominate in outer boroughs and transit hubs, undermining affordability gains from other policies (e.g., rent freeze).”

@EthicalSkeptic wow - what a find!

An EDCO unlocking of the Piri Reis map. Suddenly the unified points of sail makes sense... Piri Reis himself did not understand this principle, but was faithful in recreating a composite from the source maps nonetheless (thankfully). The map is ASSEMBLED by coastline developed with magnetic compass (daytime), but all the maps ORIENT to the same celestial true north (night azimuth shot). This reconciles the map eccentricities (bending South American coastline for example). The Piri Reis map exhibits a clear geometric regularity: the multiple compass-rose lattices preserve repeating 'dominant' directional azimuths that remain consistent across separately-derived coastal sections, and when those directions are extended beyond their local areas they triangulate at a single stable remote location (apart from the expected intersection at a compass rose ceter-reference of course) - that just happens to coincide with ECDO Theory's Np'. Reis did not comprehend or plot Np' - his source maps did... 😀 Because the coastlines can be reconciled while the directional framework remains coherent, the most robust inference is that Piri Reis conserved a shared orientation reference inherited from his sources rather than generating an arbitrary decorative lattice himself; the probability that independent map fragments would produce the same distant conjunction by chance is extraordinarily low. The map therefore strongly supports the existence of a common directional alignment embedded in the underlying charts - one which Reis himself did not comprehend, but still remained faithful in recreating. The further identification of that convergence point as Np′, however, remains a probabilistic interpretation rather than a demonstrated certainty, pending independent spherical corroboration (difficult with a coastline-reconciled composite). But the probabilistic-coincidence is going to be very difficult to dismiss - now that we have mechanism behind it. Persistent-mystery dominoes keep falling under ECDO Theory... 😎

🚨 NEW POD - a rare extended interview with #ValueActCapital co-CEO & CIO @MasonMorfit: - *NEW POSITION* in @BlackRock $BLK - defence of @salesforce $CRM @Benioff despite SaaS sell off - “the incumbents have time” - latest on $DIS - the ValueAct way YT: youtu.be/RabopcVSg-E?si…

Something we have been adamant about in our data too

@elonmusk @benhabib6 @RupertLowe10 @RestoreBritain_ @_AdvanceUK Yerp

@benhabib6 @RupertLowe10 @RestoreBritain_ @_AdvanceUK You should combine efforts

I am utterly delighted @RupertLowe10 has decided to convert @RestoreBritain_ (of which I am already a member) into a political party. This is what we need. Patriots united. Let’s get this done My message to all Restore’s, @_AdvanceUK members and the British people 🇬🇧🇬🇧🇬🇧

I am today launching Restore Britain as a national political party. Join us. restorebritain.org.uk/join_us

Turkey is rapidly becoming the centre of Europe

Inside Goldman Sachs' natural gas trading desk with John Knorring John Knorring — former Managing Director & Head of Natural Gas Trading at Goldman Sachs. Traded through Katrina, Amaranth's collapse & the financial crisis. Now building electricity hedging markets in the emerging markets. "We priced Lehman's entire options book — 500,000 options, 17 million vega — in 30 minutes during the collapse. At Goldman, you had to know your position at all times or you got fired." We cover: - Trading in the actual pits vs today's algo-dominated markets — why electronic trading pushed him out - How shale dropped US nat gas from $16 to $1.50 & why Henry Hub futures unlocked the entire buildout - Absorbing Lehman's book during the crisis & managing massive dislocated positions - The information edge at Goldman vs pure price-taking at DRW — what you lose without client flow - Why discretionary trading can't be fully automated (gold hitting $4,000 wasn't in any model's history) - Building Green Tiger Markets — bringing forward curves to Philippine electricity (zero public pricing until 2 years ago) ~$2B notional in hedging orders processed, liquidity still early but growing - Manila vs New York business culture — "nobody wants to be first, everyone wants to be second" Timestamps: 00:00 Intro 01:35 Leading natural gas trading at Goldman Sachs 04:06 Trading hurricanes, Amaranth, and 2008 crisis volatility 04:48 How pit trading and voice execution worked 06:21 How Goldman risk systems handled massive positions 06:55 How electronic trading transformed energy markets 08:31 Did algorithmic trading kill discretionary edge? 09:59 Why coding became essential for commodity traders 11:10 What pit-era trading psychology felt like 12:34 How Dodd-Frank changed bank trading desks 14:19 Why John left Goldman for DRW prop trading 16:16 What discretionary traders actually did at DRW 19:14 How losing client flow changed information edges 21:20 What data powered discretionary energy strategies 24:19 Can discretionary trading ever be automated? 28:45 How traders detect paradigm shifts in commodities 30:21 John’s framework: ideas, execution, money management 34:30 John’s current trades in silver and gold 34:49 Why he built Green Tiger Markets in PH 36:30 How electricity forward hedging works in emerging markets 41:52 Growth outlook for Philippines electricity hedging 45:25 Are PH market participants sophisticated enough to hedge? 48:20 Cultural realities trading and doing business in Manila 51:20 How GTM differs from ICE and CME structures 59:20 Origin story: Carlos, technology, and building GTM 1:00:34 From Goldman trader to emerging-market exchange builder

🚨NEW EP with @Arm CEO @ReneHaas237: -"valuation bubble" & "overinvestment bubble" in parts of AI -workload will move away from data centres; LLMs will "top out" -BUT - not late 90s - only 1992! -Scale matters- Arm is ready YT:youtu.be/ZnSCQkOmYyM?si… 👂pod.fo/e/37c5f8

$AMZN is buying copper in the US for the first time in more than 10 years for its data centers from $RIO Johnson Camp Mine in Arizona Amazon Web Services (AWS) has secured a two-year agreement with Rio Tinto to purchase copper from the Johnson Camp mine in Arizona, marking the first new U.S.-mined copper in over a decade. This agreement is part of AWS' strategy to support its growing AI data centers, which require a significant amount of copper for their infrastructure. The deal covers approximately 14,000 metric tons of copper cathode over four years, with an additional 16,000 tonnes from conventional leaching, totaling nearly 30,000 tonnes. This partnership underscores the critical role of copper in the artificial intelligence sector and the importance of sustainable mining practices. $NVDA $MSFT $META

JUST IN: SpaceX to reportedly merge with xAI